CANNES, France — Leaders of the world’s most industrialized nations scrambled Thursday to rescue a European Union deal to restructure Greek debts and prevent a regional financial crisis from spreading and creating further global economic disruption. President Barack Obama and his European Union counterparts held closed doors meetings looking for ways to salvage last week’s marathon...

Mounting evidence that the world economy is slowing down sharply sent global stock markets spiraling down Thursday as investors brushed off the U.S. Federal Reserve's efforts to spur growth and focused instead on the central bank's gloomy outlook.Oil and other commodities tumbled

Consumers grew more cautious last month amid wild stock market swings, zero job growth and heightened concerns that the economy has weakened. Retail sales were flat in August. At the same time, wholesale inflation leveled off. The latest data could give the Federal Reserve more impetus to adopt

Seeking to jolt the economy, President Barack Obama will propose new ideas to create jobs and help the struggling poor and middle class in a major speech after Labor Day. And then he will try to seize political advantage by spending the fall pressuring Congress to act on his plan.Obama's plan

As Bank of America Corp.’s stock has tumbled and clawed back in recent days, city leaders, business owners and others with a stake in the company are waiting to see what happens next.The stock market swings have delivered a familiar feeling of anxiety to a city pummeled by the financial crisis. Local leaders and business owners say they aren’t as fearful this time. But they acknowled...